Amazon closes $8.45B MGM studio acquisition

Amazon has closed its $8.45 billion acquisition of MGM Studios as it looks to boost its streaming service in competition with Netflix and Disney. 

American Airlines to resume alcohol sales on certain flights in April

American Airlines paused the sale of alcohol on flights when the COVID-19 pandemic began and will "slowly reintroduce its buy-on-board" program in April.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

'Competitive' spring homebuying season is starting early this year, industry analyst says

Despite higher prices, a recent decrease in mortgage rates and stabilizing inventory levels may be advantageous for homebuyers in the coming months, one economist recently said.

Netflix to launch test that requires subscribers to pay for users outside household

Netflix says it is testing a new feature for its members in Chile, Costa Rica and Peru, requiring users to add “sub accounts” for up to two people they don’t live with — and it will come at a cost.

Cadillac’s 1st all-electric Lyriq SUV to begin production in March, GM says

General Motors will begin production of the all-electric 2023 Cadillac Lyriq midsize SUV, the brand’s first electric vehicle, in March as planned and the company hopes to start making deliveries over the next few months.

Federal Reserve raises interest rates: What to do now

In order to fight decades-high inflation levels, the Federal Reserve raised rates for the first time since 2018 on Wednesday.

US retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.

Done with your cell phone? Here’s how you can get money for it

If the hassle of having an old cell phone is becoming a burden and you’re eager to sell it, there are a number of available options to get cash for your device.

CD sales in US increase for 1st time in nearly 20 years

U.S. sales for physical CDs in 2021 increased for the first time since 2004, according to recent data published by the Recording Industry Association of America.

Starbucks CEO Kevin Johnson to retire; founder Howard Schultz to be interim chief

Starbucks President and CEO Kevin Johnson said Wednesday he will retire next month, and former CEO and company founder Howard Schultz will replace him on an interim basis.